Crude oil prices crept higher Wednesday morning ahead of official crude inventories data from the Energy Information Administration.
The American Petroleum Institute late Tuesday reported that crude supplies climbed by 2.3 million barrels for the week ended July 17.
The EIA’s figures are due out later this morning.
U.S. Crude oil was up 44 cents at $50.59 a barrel, rebounding from multi-month lows below $50.
Prices have fallen sharply of late due to fewer geopolitical tensions, oversupplies and a stronger dollar.
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